TIDMGGP
RNS Number : 9894A
Greatland Gold PLC
30 May 2023
Greatland Gold plc (AIM: GGP)
E: info@greatlandgold.com
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 30 May 2023
Farm-in to Rio Tinto Exploration's highly prospective Paterson
South tenure
Exploration farm-in and joint venture arrangement entered into
with Rio Tinto Exploration
Greatland secures access to highly prospective tenure
Enhanced alignment between the discoverers of the world-class
Havieron and Winu deposits
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION
IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .
Greatland Gold plc (AIM:GGP) (Greatland or the Company) is
pleased to announce that the Company has entered into a farm-in and
joint venture arrangement with global mining group Rio Tinto
(ASX/LSE:RIO), to accelerate exploration across 1,884km(2) of
highly prospective tenure within the Paterson Province of Western
Australia (Paterson South Project) located near the Company's
world-class Havieron gold-copper project(1) (Havieron).
The Paterson South Project farm-in and joint venture arrangement
is consistent with Greatland's Australian asset growth strategy
including the Company's commitment to exploration success.
The tenements are an outstanding package, which host several
underexplored anomalies which the Company considers to be the
closest to a Havieron lookalike within the Paterson Province.
In addition, there has been historical delineation of gold in
rock chips and copper intersected with strong correlation to a
Telfer style deposit.
The expansion of Greatland's footprint and exploration
activities in the Paterson Province leverages Greatland's existing
presence in the region, its good standing within the Paterson
community and the strong technical knowledge fostered through the
discovery of Havieron.
The Paterson South Project remains relatively underexplored and
is a logical fit for Greatland's existing adjacent tenure
holdings.
[1] Held by the Havieron JV between Greatland (30%) and Newcrest
Mining Limited (Newcrest) (70%).
Highlights
-- The eastern group of the Paterson South Project tenements
host several underexplored magnetic anomalies. These targets are
within Proterozoic sediments and are considered by the Company to
be the closest to a Havieron lookalike within the Paterson
Province
-- The western group of the Paterson South Project tenements
have a geological setting which is a strong correlation to the
Telfer deposit with historical delineation of gold in rock chips
and copper intersected in the limited drilling undertaken to
date
-- Greatland to commence drilling in 2023
-- Initial minimum commitment of A$1.1 million of expenditure
and 2,000 metres of drilling before 31 December 2024
-- Farm-In: Greatland is entitled to earn up to a 75% joint
venture interest in the Project Tenements under a two-stage farm-in
arrangement:
- Stage 1 Farm-In: Greatland is entitled to earn a 51% joint
venture interest in the Paterson South Project by incurring at
least A$7.1 million of exploration expenditure and completing 7,500
metres of drilling within four years; and
- Stage 2 Farm-In: Greatland is entitled to earn an additional
24% joint venture interest in the Paterson South Project
(cumulative joint venture interest of 75%) by spending at least an
additional A$14 million of exploration expenditure and completing a
further 17,000 metres of drilling within three years of completing
the Stage 1 Farm-In.
Greatland Managing Director, Shaun Day, commented:
"The Paterson South Project tenement package is an outstanding
opportunity with a number of high priority, highly prospective and
heritage cleared drill targets. We expect that some of these
targets can be incorporated in our 2023 drilling campaign.
These targets include underexplored anomalies which the Company
considers to be the closest to a Havieron lookalike within the
Paterson Province.
Other opportunities include historical delineation of gold in
rock chips and copper intersected with strong correlation to a
Telfer style deposit.
This tenure complements the Company's current ground position to
provide a 105km contiguous holding. The addition of the Paterson
South Project more than doubles our current footprint with the most
prospective targets within 50km of Telfer.
Our farm-in and joint venture with Rio Tinto is consistent with
our strategy of continuing to invest in exploration success, and
aligns the companies responsible for the discovery of Havieron and
Winu, the two biggest and most significant orebodies found within
the Paterson Province since Telfer in the 1970s."
Paterson South Project farm-in and joint venture arrangement
Greatland Paterson South Pty Ltd, a wholly-owned subsidiary of
the Company, has executed a long form farm-in and joint venture
term sheet with Rio Tinto Exploration Pty Limited (RTX), a
wholly-owned subsidiary of Rio Tinto in respect of the Paterson
South Project which comprises exploration licences E45/4807,
E45/4815, E45/4834, E45/5122, E45/5238, E45/5242, E45/5532,
E45/5351 and E45/5576 (Project Tenements). The Paterson South
Project is currently 100% beneficially held by RTX.
Under the farm-in and joint venture arrangement:
-- Up-front Payment: Greatland will make an up-front payment of
A$350,000 to RTX payable in either cash or Greatland shares at
Greatland's election to be paid within 30 days of execution if
Greatland elects to pay in cash or within 6 months if Greatland
elects to pay in shares
-- Farm-In: Greatland is entitled to earn up to a 75% joint
venture interest in the Project Tenements under a two-stage farm-in
arrangement:
-- Stage 1 Farm-In: Greatland is entitled to earn a 51% joint
venture interest in the Paterson South Project by incurring at
least A$7.1 million of exploration expenditure and completing 7,500
metres of drilling within four years; and
-- Stage 2 Farm-In: Greatland is entitled to earn an additional
24% joint venture interest in the Paterson South Project
(cumulative joint venture interest of 75%) by spending at least an
additional A$14 million of exploration expenditure and completing a
further 17,000 metres of drilling within three years of completing
the Stage 1 Farm-In.
As part of the Stage 1 Farm-In, Greatland's minimum commitment
comprises A$1.1 million of exploration expenditure and 2,000 metres
of drilling to be completed before 31 December 2024. Greatland is
entitled to withdraw once it has met this minimum commitment.
If Greatland completes the Stage 1 Farm-In and elects to acquire
a 51% joint venture interest in the Paterson South Project, an
unincorporated joint venture (PSJV) will be formed between
Greatland Paterson South Pty Ltd (51%) and RTX (49%). Greatland
Paterson South Pty Ltd will be the manager of the PSJV. RTX is
entitled, after completion of the Stage 1 Farm-In, to elect to
contribute to its share of PSJV expenditure. If RTX so elects,
Greatland Paterson South Pty Ltd's PSJV joint venture interest will
remain at 51% and the Stage 2 Farm-In will not apply.
Outside of the farm-in periods, each PSJV participant is
required to contribute to PSJV expenditure in proportion to its
joint venture interest. A PSJV participant is entitled to elect not
to contribute to its share of PSJV expenditure at the beginning of
a budget year. If it does so, it will be diluted under a customary
dilution mechanism. If a PSJV participant's joint venture interest
reduces to less than 10%, its joint venture interest will be
converted to a net smelter royalty (NSR) of 1.25% plus an
additional 0.25% if the quarterly average gold price is above
US$2,000 per ounce (CPI adjusted). The NSR is at a reduced level
for production from the Strickland tenement (E45/4807) of 0.75%
plus 0.125% if the quarterly average gold price is above US$2,000
per ounce (CPI adjusted) for so long as the Strickland Royalty (as
defined below) applies over that tenement.
An existing 1.25% NSR applies over the Strickland tenement
(E45/4807) in favour of Strickland Metals Limited (Strickland,
ASX:STK), as the former holder of that tenement (Strickland
Royalty). The Strickland Royalty is payable in respect of the first
420,000 ounces of gold (or gold equivalent) production from
E45/4807 only. Strickland is also entitled to a pre-payment of that
royalty on a decision to mine calculated based on the prevailing
spot price for 42,000 ounces of gold (or gold equivalent).
Overview of the Project Tenements
Figure 1 : Overview of the Paterson South Project
Eastern group of tenements
-- Budjidowns (E45/4815, 191km(2) ) hosts several short strike
length magnetic anomalies of similar size to the Havieron anomaly
(which is associated with the SE Crescent's magnetic massive
pyrrhotite ore), which are untested or have only single drill holes
testing the anomaly. Of particular interest is the Decka target
(see Figure 2), a magnetic anomaly which also sits on the same
gravity gradient as Havieron and has a coincident late time
airborne electromagnetic anomaly interpreted as a bedrock
conductor, indicating the potential presence of pyrrhotite as
distinct from the less conductive but magnetic magnetite.
Figure 2 : Decka prospect location with effective drilling on
RTP magnetics
-- Basel (E45/5122, 639km(2) ) adjoins to the north of
Greatland's Paterson Range East (E45/4928)(2) tenement. A review of
the historical drilling has identified two reverse circulation (RC)
holes with +0.5g/t Au single metre assays at the Calypso prospect
(see Figure 3) (CAW3-0 - 3.03g/t Au and CAW5-0 - 0.74g/t Au) likely
in Permian cover and approximately 5.7km apart. These holes were
originally targeted on anomalous surface sample results. Subsequent
airborne magnetic and gravity surveys confirmed them as sitting on
the margin of a magnetic granite. The target is prospective for
intrusion related gold-copper mineralisation in the basement.
-- Wilki Lake (E45/5576, 32km(2) ) sits over a NE trending break
in the magnetic granite on a deep seated fault, approximately 8km
east of and parallel to a similar structure seen at Telfer. Minimal
exploration work has been conducted on the tenement, with an
aeromagnetic survey completed, but limited on-ground activity. The
area is considered prospective for intrusive related gold-copper
mineralisation.
-- Skylar (E45/5351, 143km(2) ) and Triangle South (E45/5532,
143km(2) ) adjoin to the south of the Havieron (M45/1287) and
Scallywag (E45/5316) tenements. They contain an anticline /
syncline pair outlined by the magnetic base of the Wilki formation
with Puntapunta and possibly Malu formation sediments interpreted
in the core of the anticline. The tenements are considered
prospective for Telfer style mineralisation.
(2) Held by the Juri JV between Greatland (49%) and Newcrest
(51%)
Figure 3 : Eastern Group of tenements showing diamond and RC
drill coverage over the tenure on magnetics.
Western group of tenements
-- Strickland (E45/4807, 424km(2) ) is centred on the
sub-cropping to shallowly buried Proterozoic, doubly plunging
Paterson Dome Anticline fold. The fold is interpreted to contain
Telfer Member sediments in the core. Gold mineralisation has been
identified in surface sampling in the core of the NW Dome (Manuka)
(Figure 4) with a peak of 2.67g/t Au and considered to be similar
to Telfer mineralisation. Coherent copper mineralisation has been
intersected in the Puntapunta formation on the NW margin of the SE
Dome (Paterson Dome W) in shallow, 600m spaced rotary air blast
drilling with a peak of 45m at 0.11% Cu from 68m to end of hole
(GPW015). The mineralisation has been identified over a strike
length of 3km and is open to the northwest.
-- Telfer Domain (E45/4834, 147 km(2) ) adjoins to the north of
the Strickland (E45/4807) tenement. It contains similar
stratigraphy and structure to that seen in the Strickland
(E45/4807) tenure but appears to be under thicker cover.
-- Kaliranu (E45/5238, 57km(2) ) overlies Proterozoic Mount
Crofton Granites directly south of the Strickland (E45/4807)
tenure. The granites are part of a series intruded along a 70km NE
trending crustal break. The Geological Survey of Western Australia
(GSWA) airborne gravity appears to show a slight magnetic upgrade
where the intrusives crosscut the Paterson Dome anticline. Kaliranu
(E45/5238) is considered prospective for intrusion related
gold-copper style mineralisation.
-- Paterson 8 (E45/5242, 6km(2) ) is a small tenement covering
the Wilki / Puntapunta contact 20km north of Telfer on an
interpreted north - south structure considered prospective for
intrusive related mineralisation.
Figure 4 : Western Group of tenements on GSWA geology overlain
on magnetics and displaying the Paterson Dome anticline, a Telfer
correlative
Planned Exploration
The planned exploration programme for the financial year to June
2024 is intended to include:
-- Budjidowns (E45/4815): systematic drill testing of the Decka
and Stingray targets following forward modelling of the magnetic
anomalies to ensure the most effective drilling programme. Reviews
of the remaining magnetic anomalies are underway to better target
these anomalies;
-- Strickland (E45/4807): the Paterson Dome West and Chilly
prospects will be targeted with drilling subject to heritage
clearances; and
-- Basel (E45/5122): a heritage survey is planned for the
Calypso prospect to enable regional scale drilling to basement
utilising multi-element geochemistry both within the cover and
basement to vector to source mineralisation.
Work is ongoing to identify and prioritise targets on the
remainder of the Paterson South Project Tenements with testing
based on their prospectivity ranking.
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | info@greatlandgold.com
Nominated Adviser
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368
3550
Corporate Brokers
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
Canaccord Genuity | James Asensio / Patrick Dolaghan | +44 207
523 8000
SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341
3500
Media Relations
UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry
Gamble | +44 204 582 3500
Australia - Fivemark Partners | Michael Vaughan | +61 422 602
720
About Greatland
Greatland is a mining development and exploration company
focused primarily on precious and base metals.
The Company's flagship asset is the world-class Havieron
gold-copper project in the Paterson Province of Western Australia,
discovered by Greatland and presently under development in joint
venture with ASX gold major, Newcrest Mining Limited (which is the
subject of a takeover by Newmont Corporation by way of a scheme of
arrangement).
Havieron is located approximately 45km east of Newcrest's
existing Telfer gold mine. The box cut and decline to the Havieron
orebody commenced in February 2021. Significant progress continues
with total development now exceeding 2,025m including over 1,600m
of advance in the main access decline (as at 19 April 2023).
Subject to a positive feasibility study and Decision to Mine,
Havieron is intended to leverage the existing Telfer infrastructure
and processing plant. Access to Telfer will de-risk the
development, reduce capital expenditure and lower the project's
carbon footprint.
Greatland has a proven track record of discovery and exploration
success and is pursuing the next generation of tier-one mineral
deposits by applying advanced exploration techniques in
under-explored regions. Greatland has a number of exploration
projects across Western Australia and in parallel to the
development of Havieron is focused on becoming a multi-commodity
miner of significant scale.
Competent Persons Statement
Information in this announcement pertaining to Reporting of
Exploration Results has been reviewed and approved by Mr Damien
Stephens, a Member of the AusIMM, who has more than 30 years
relevant industry experience. Mr Stephens is a full-time employee
of the Company and has a financial interest in Greatland. Mr
Stephens has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration, and to the
activity which he is undertaking to qualify as a Competent Person
as defined by the 2012 Edition of the Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves (the JORC Code) and under the AIM Rules - Note for Mining
and Oil and Gas Companies, which outline standards of disclosure
for mineral projects. Mr Stephens consents to the inclusion in this
announcement of the matters based on this information in the form
and context in which it appears. Mr Stephens confirms that the
Company is not aware of any new information or data that materially
affects the information included in the historical market
announcements, and that the form and context in which the
information has been presented has not been materially
modified.
APPIX 1
JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
============= ============================================================ ============================================================
Sampling
techniques * Nature and quality of sampling (eg cut channels, * Gindalbie AirCore (AC) program Strickland 1999 (DMIRS
random chips, or specific specialised industry rept A61274)
standard measurement tools appropriate to the
minerals under investigation)
* AC samples were taken at 1m intervals and laid on the
ground prior to compositing a 2-3kg lab sample for
* Include reference to measures taken to ensure sample each 4m or 6m interval over the full length of the
representivity and the appropriate calibration of any hole. No intervals were re-assayed in 1m intervals
measurement tools or systems used
* Strickland tenement rock chip samples were taken as
* Aspects of the determination of mineralisation that part of a small (7 sample) reconnaissance programme
are Material to the Public Report in 2019 by RTX
* In cases where 'industry standard' work has been done
this would be relatively simple (eg 'reverse
circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g
charge for fire assay'). In other cases more
explanation may be required, such as where there is
coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of detailed
information
============= ============================================================ ============================================================
Drilling
techniques * Drill type (eg core, reverse circulation, open-hole * Vertical AC drilling was carried out by Gindalbie in
hammer, rotary air blast, auger, Bangka, sonic, etc) 1999
and details (eg core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or
other type, whether core is oriented and if so, by
what method, etc)
============= ============================================================ ============================================================
Drill sample
recovery * Method of recording and assessing core and chip * No information on sample recovery is available for
sample recoveries and results assessed the Gindalbie 1999 AC program
* Measures taken to maximise sample recovery and ensure
representative nature of the samples
* Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse material
============= ============================================================ ============================================================
Logging
* Whether core and chip samples have been geologically * Gindalbie AC
and geotechnically logged to a level of detail to
support appropriate Mineral Resource estimation,
mining studies and metallurgical studies * The entire hole is logged for lithology, weathering
and colour and is sufficient for the reporting of
exploration results but is not of sufficient quality
* Whether logging is qualitative or quantitative in to support a Mineral Resource estimate
nature. Core (or costean, channel, etc) photography
* The total length and percentage of the relevant
intersections logged
============= ============================================================ ============================================================
Sub-sampling
techniques * If core, whether cut or sawn and whether quarter, * Gindalbie AC
and sample half or all core taken.
preparation
* All samples were submitted to ULTRATRACE Analytical
* If non-core, whether riffled, tube sampled, rotary Laboratories in Perth. Sample preparation comprised
split, etc and whether sampled wet or dry drying and pulverising total samples received to 80%
pass -75 micron grain size
* For all sample types, the nature, quality and
appropriateness of the sample preparation technique * Sub sampling is reduced to a minimum by using total
sample pulverisation prior to sub sampling wherever
possible
* Quality control procedures adopted for all
sub-sampling stages to maximise representivity of
samples * The sample sizes (2-3kg) are considered appropriate
for the material being sampled
* Measures taken to ensure that the sampling is
representative of the in situ material collected, * Rock chip samples were submitted to ALS Laboratories
including for instance results for field in Perth. Sample preparation comprised pulverising
duplicate/second-half sampling total samples received to 80% pass -75micron grain
size
* Whether sample sizes are appropriate to the grain
size of the material being sampled
============= ============================================================ ============================================================
Quality
of assay * The nature, quality and appropriateness of the * Gindalbie AC
data and assaying and laboratory procedures used and whether
laboratory the technique is considered partial or total
tests * The samples were assayed for Au by 40gm fire assay
with an aqua regia acid digest and ICPOEs and for Ag,
* For geophysical tools, spectrometers, handheld XRF As, Cu, Pt, Pd and Zn via aqua regia acid digest and
instruments, etc, the parameters used in determining ICPOEs. The assays are considered total rather than
the analysis including instrument make and model, partial
reading times, calibrations factors applied and their
derivation, etc
* Apart from standard laboratory check work, no
information is available on QA QC procedures
* Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy (ie * The work is considered sufficient for exploration
lack of bias) and precision have been established. results reporting
============= ============================================================ ============================================================
Verification
of sampling * The verification of significant intersections by * Gindalbie AC
and assaying either independent or alternative company personnel.
* No intervals were re-assayed in 1m intervals
* The use of twinned holes
* The assays have not been verified against source
* Documentation of primary data, data entry procedures, laboratory files
data verification, data storage (physical and
electronic) protocols
* No holes were twinned
* Discuss any adjustment to assay data.
* Logging was recorded digitally and supplied to the
Department of Mines and Energy (DOME) along with
section and plans.
============= ============================================================ ============================================================
Location
of data * Accuracy and quality of surveys used to locate drill * Gindalbie AC
points holes (collar and down-hole surveys), trenches, mine
workings and other locations used in Mineral Resource
estimation. * Drill collar locations were rounded to the nearest 5
metres, indicative of the accuracy of the locations
* Specification of the grid system used.
* As holes were vertical no attempt was made to align
the drill rig
* Quality and adequacy of topographic control
* No downhole surveys were collected in line with the
prevailing industry practice
* The topography is generally low relief to flat
* All collar coordinates are provided in the Geocentric
Datum of Australian (GDA94 Zone 51). No height data
was recorded
============= ============================================================ ============================================================
Data spacing
and * Data spacing for reporting of Exploration Results * Gindalbie AC
distribution
* Whether the data spacing and distribution is * Drilling was carried out on a series of traverses
sufficient to establish the degree of geological and spaced between 400 and 800m with hole spacings of 50
grade continuity appropriate for the Mineral Resource -100m
and Ore Reserve estimation procedure(s) and
classifications applied
* Drilling is not sufficient for Mineral Resource or
Ore Reserve calculation
* Whether sample compositing has been applied
============= ============================================================ ============================================================
Orientation
of data in * Whether the orientation of sampling achieves unbiased * Drilling is oriented vertically into assumed vertical
relation sampling of possible structures and the extent to stratigraphy and is not optimal for representative
to which this is known, considering the deposit type sampling
geological
structure
* If the relationship between the drilling orientation
and the orientation of key mineralised structures is
considered to have introduced a sampling bias, this
should be assessed and reported if material
============= ============================================================ ============================================================
Sample
security * The measures taken to ensure sample security * Sample security measures are not recorded, but
assumed adequate
============= ============================================================ ============================================================
Audits or
reviews * The results of any audits or reviews of sampling * No audits or reviews have been completed
techniques and data
============= ============================================================ ============================================================
Section 2 Reporting of Exploration Results
Criteria JORC Code Explanation Commentary
=============== ============================================================ ============================================================
Mineral
tenement * Type, reference name/number, location and ownership * The tenure is subject to a land access agreement
and land including agreements or material issues with third between the Western Desert Lands Aboriginal
tenure status parties such as joint ventures, partnerships, Corporation (now Jamukurnu-Yapalikurnu Aboriginal
overriding royalties, native title interests, Corporation; JYAC) and Rio Tinto (in respect of
historical sites, wilderness or national park and E45/4815, E45/4834, E45/5122, E45/5238, E45/5242,
environmental settings E45/5532, E45/5351 and E45/5576 ) and Strickland
Metals Limited (in respect of E45/4807 ) (pending its
proposed assignment to Rio Tinto), and Greatland will
* The security of the tenure held at the time of undertake work, subject to the terms of these
reporting along with any known impediments to agreements
obtaining a licence to operate in the area
Gindalbie AC
* The work was carried out in what is now the
Strickland tenement (E45/4807), currently
beneficially held 100% by RTX. Greatland is currently
farming into this tenement with the right to earn up
to a 75% interest, under certain conditions. There is
a 1.25% NSR on the first 420,000 ounces of production
from that tenement payable to Strickland Metals
Limited (as royalty holder), with a prepayment of the
royalty due on a decision to mine
* Areas of the tenement are subject to a temporary
heritage exclusion zone which affects 50% of the
total area of the tenement. A review of this
temporary exclusion zone has been agreed with JYAC
=============== ============================================================ ============================================================
Exploration E45/4807 (Strickland)
done by other * Acknowledgment and appraisal of exploration by other * Previous work including surface sampling wide spread
parties parties rotary air blast, diamond drilling and aeromagnetic
surveys were all carried out prior to the Gindalbie
AC drilling in 1999 principally by Newmont and BHP in
the 1980s and 1990s. This regional work identified
several gold and copper targets including the
Paterson dome west anomalism were followed up by
Gindalbie
* A complete summary of previous exploration across the
tenement package is included in Appendix 4
=============== ============================================================ ============================================================
Geology
* Deposit type, geological setting and style of * Exploration is for intrusion related and orogenic,
mineralisation structurally controlled Au-Cu deposits similar to
Telfer, Havieron and Winu, all located in
Neo-Proterozoic Yeneena Group sediments of the
Paterson Province, Western Australia
=============== ============================================================ ============================================================
Drill hole
Information * A summary of all information material to the * Drillhole collar tables are supplied for the 1999
understanding of the exploration results including a Gindalbie AC program on the Strickland tenement and
tabulation of the following information for all the RC drilling on Basel in Appendix 3.
Material drill holes:
* easting and northing of the drill hole collar
* elevation or RL (Reduced Level - elevation above sea
level in metres) of the drill hole collar
* dip and azimuth of the hole
* down hole length and interception depth
* hole length
* If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent Person
should clearly explain why this is the case
=============== ============================================================ ============================================================
Data
aggregation * In reporting Exploration Results, weighting averaging * No economically significant results have been
methods techniques, maximum and/or minimum grade truncations reported, and no data aggregation methods have been
(eg cutting of high grades) and cut-off grades are applied
usually Material and should be stated
* Where anomalous results are quoted (Table 2) the
* Where aggregate intercepts incorporate short lengths samples have been selected as follows:
of high grade results and longer lengths of low grade
results, the procedure used for such aggregation
should be stated and some typical examples of such * Au >0.1ppm; or
aggregations should be shown in detail
* Ag >2ppm; or
* The assumptions used for any reporting of metal
equivalent values should be clearly stated
* Cu >200ppm; or
* Bi >1ppm; or
* Pb >200ppm; or
* Zn >1000ppm
=============== ============================================================ ============================================================
Relationship
between * These relationships are particularly important in the * No economically significant results are reported, and
mineralisation reporting of Exploration Results there is no known relationship between reported
widths and widths and the geometry of any mineralisation
intercept
lengths * If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be * All intercepts are reported downhole as true width is
reported not known
* If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg 'down hole length, true width not known')
=============== ============================================================ ============================================================
Diagrams
* Appropriate maps and sections (with scales) and * Maps are provided in Figures 1 to 4. No significant
tabulations of intercepts should be included for any discovery is reported
significant discovery being reported These should
include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional views
=============== ============================================================ ============================================================
Balanced
reporting * Where comprehensive reporting of all Exploration * The reporting is considered balanced
Results is not practicable, representative reporting
of both low and high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results
=============== ============================================================ ============================================================
Other
substantive * Other exploration data, if meaningful and material, * No other substantive exploration data other than that
exploration should be reported including (but not limited to): provided in the Figures
data geological observations; geophysical survey results;
geochemical survey results; bulk samples - size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances
=============== ============================================================ ============================================================
Further work
* The nature and scale of planned further work (eg * Further work is outlined in the Planned Exploration
tests for lateral extensions or depth extensions or section of the main body of the text
large-scale step-out drilling)
* Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive
=============== ============================================================ ============================================================
APPIX 2
Tenure Status
The Paterson South Project Tenements have been relatively
underexplored to date due to access challenges and concealing cover
sediments. This may have some bearing on the ability to retain some
tenure when renewals are due. The tenements will benefit from the
logistical benefits that proximity to Havieron will provide.
There are three tenements (Telfer Domain (E45/4834), Budjidowns
(E45/4815) and Strickland (E45/4807)) that are due for compulsory
surrender in respect of 40% of the tenement blocks this year, with
the surrender having already been submitted for Telfer Domain
(E45/4834). The Company is of the view that the 40% reductions for
these tenements will not impact their prospective portions.
An extension of term application has been submitted for Basel
(E45/5122).
Table 1 : Project Tenement status summary
Tenement Name Area Expiry Comment
(km(2)
)
========= =========== ======== ======= ============
E45/4815 Budjidowns 191 12 A
Oct compulsory
2027 surrender
in
respect
of
40%
of
the
tenement
blocks
due
October
2023
========= =========== ======== ======= ============
E45/4807 Strickland 424 2 A
Dec compulsory
2027 surrender
in
respect
of
40%
of
the
tenement
blocks
due
December
2023
========= =========== ======== ======= ============
E45/5122 Basel 638 19 Extension
Aug of
2023 term
submitted
========= =========== ======== ======= ============
E45/5576 Wilki 32 13
Lake May
2025
========= =========== ======== ======= ============
E45/5351 Skylar 143 30
Jun
2024
========= =========== ======== ======= ============
E45/5238 Kaliranu 57 19
Dec
2023
========= =========== ======== ======= ============
E45/4834 Telfer 249 30 A
Domain Apr compulsory
2027 surrender
in
respect
of
40%
of
the
tenement
blocks
has
been
submitted
========= =========== ======== ======= ============
E45/5532 Triangle 143 13
South May
2025
========= =========== ======== ======= ============
E45/5242 Paterson 6 10
8 Mar
2024
========= =========== ======== ======= ============
The Project Tenements are subject to land access agreements with
the Native Title holders Western Desert Lands Aboriginal
Corporation (now Jamukurnu-Yapalikurnu Aboriginal Corporation or
JYAC) and Greatland will undertake work, subject to the terms of
these agreements. Areas of the tenure which are subject to a
temporary heritage exclusion zone represent 12% of the total area
of the Paterson South Project. Greatland will work with JYAC in
respect of their review of the temporary exclusion.
Appendix 3: Gindalbie AC program collars and intercepts and Strickland rock chips.
Table 2 : Gindalbie AC
ID Type North East Az dip Final Depth Depth Width Grade Grade
from To
====== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
(deg) (deg) (m) (m) (m) (m) (ppb (ppm
Au) Cu)
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW003 AC 7638200 396000 0 90 113 98 106 8 23
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW004 AC 7638290 395985 0 90 44 28 40 12 45 247
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW005 AC 7638330 395980 0 90 116 44 56 12 529
======== ====== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
68 72 4 111
=============== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
80 116 36 599
=============== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
108 112 4 2470
--------------- -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW006 AC 7638380 395990 0 90 51 20 51 31 271
======== ====== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
32 40 8 231
=============== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
48 51 3 56
--------------- -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW007 AC 7638420 395990 0 90 120 22 54 32 365
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW009 AC 7637700 396800 0 90 83 24 72 48 336
======== ====== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
56 60 4 35
=============== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
60 64 4 194
=============== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
68 72 4 32
--------------- -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW010 AC 7637800 396800 0 90 55 24 44 20 74 344
======== ====== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
40 44 4
--------------- -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW013 AC 7637515 397280 0 90 101 52 101 49 350
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW014 AC 7637270 397800 0 90 93 88 93 5 22 475
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW015 AC 7637175 397800 0 90 113 68 113 45 1135
======== ====== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
80 88 8 2570
=============== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
108 113 5 52
--------------- -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW017 AC 7637080 397800 0 90 80 78 80 2 49 351
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW020 AC 7636750 398300 0 90 100 50 62 12 55 638
======== ====== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
86 90 4 78
=============== ======== ======= ====== ====== ====== ====== ====== ====== ====== ======
98 100 2 66
--------------- -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW025 AC 7636500 398560 0 90 100 78 84 6 43
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW027 AC 7634720 402785 0 90 83 80 83 3 62
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
GPW028 AC 7634800 402876 0 90 110 76 80 4 44
------ -------- ------- ------ ------ ------ ------ ------ ------ ------ ------
Table 3 : Strickland tenement rock chips 2019
SAMPLEID 10335138 10335139 10335183 10335192 10387801 10387802 10387804
East 400717 402556 392907.281 397673.071 392954 392283 392307
============= ============= ============= ============= ============= ============= =============
North 7624825 7631012 7639448.38 7641591.18 7638753 7638619 7638563
============= ============= ============= ============= ============= ============= =============
Grid GDA94_MGA_51 GDA94_MGA_51 GDA94_MGA_51 GDA94_MGA_51 GDA94_MGA_51 GDA94_MGA_51 GDA94_MGA_51
============= ============= ============= ============= ============= ============= =============
SAMPLETYPE Rock Rock Rock Rock Rock Rock Rock
============= ============= ============= ============= ============= ============= =============
Ag_4HSIMS_ppm 0.012 0.003 0.835 0.006 0.177 0.064 0.062
============= ============= ============= ============= ============= ============= =============
Al_4HSIMS_pct 0.23 0.97 0.38 0.73 1.8 1.39 1.75
============= ============= ============= ============= ============= ============= =============
As_4HSIMS_ppm 4.27 1.58 1755 0.38 5.74 1.95 4.02
============= ============= ============= ============= ============= ============= =============
Au_4HSIMS_ppm 0.0002 0.0007 2.19 0.0005 0.0157 0.0076 0.0016
============= ============= ============= ============= ============= ============= =============
Au_F30ICP_ppm 2.67
============= ============= ============= ============= ============= ============= =============
Ba_4HSIMS_ppm 30 65 1410 660 1170 214 460
============= ============= ============= ============= ============= ============= =============
Be_4HSIMS_ppm 0.08 0.19 0.5 0.19 0.35 0.37 0.45
============= ============= ============= ============= ============= ============= =============
Bi_4HSIMS_ppm 0.065 0.036 15.8 0.295 0.25 1.055 0.099
============= ============= ============= ============= ============= ============= =============
Ca_4HSIMS_pct 0.005 0.01 0.02 0.04 0.02 0.01 0.02
============= ============= ============= ============= ============= ============= =============
Cd_4HSIMS_ppm 0.0025 0.0025 0.136 0.0025 0.021 0.008 0.008
============= ============= ============= ============= ============= ============= =============
Ce_4HSIMS_ppm 2.65 17.95 15.5 9.1 30.3 21.6 12.1
============= ============= ============= ============= ============= ============= =============
Co_4HSIMS_ppm 0.482 1.005 95.7 0.388 4.36 0.631 1.435
============= ============= ============= ============= ============= ============= =============
Cr_4HSIMS_ppm 11.9 12.8 15.7 10.3 20.7 14.1 8
============= ============= ============= ============= ============= ============= =============
Cs_4HSIMS_ppm 0.03 0.45 0.15 0.46 0.18 0.17 0.24
============= ============= ============= ============= ============= ============= =============
Cu_4HSIMS_ppm 1.85 1.9 334 3.84 6.35 3.8 2.95
============= ============= ============= ============= ============= ============= =============
Fe_4HSIMS_pct 1.7 0.88 11 0.57 0.86 0.57 0.49
============= ============= ============= ============= ============= ============= =============
Ga_4HSIMS_ppm 0.58 2.1 1.14 1.39 4.17 2.38 3.93
============= ============= ============= ============= ============= ============= =============
Ge_4HSIMS_ppm 0.025 0.025 0.14 0.05 0.05 0.025 0.025
============= ============= ============= ============= ============= ============= =============
Hf_4HSIMS_ppm 0.198 1.21 0.6 0.966 3.17 2.07 1.8
============= ============= ============= ============= ============= ============= =============
In_4HSIMS_ppm 0.008 0.01 0.308 0.0025 0.009 0.007 0.023
============= ============= ============= ============= ============= ============= =============
K_4HSIMS_pct 0.01 0.24 0.07 0.15 0.12 0.17 0.76
============= ============= ============= ============= ============= ============= =============
La_4HSIMS_ppm 1.585 10.3 11.05 5.17 12.1 11.35 5.13
============= ============= ============= ============= ============= ============= =============
Li_4HSIMS_ppm 0.5 5.7 0.7 1.1 8.7 1.5 0.8
============= ============= ============= ============= ============= ============= =============
Mg_4HSIMS_pct 0.005 0.03 0.01 0.02 0.06 0.01 0.02
============= ============= ============= ============= ============= ============= =============
Mn_4HSIMS_ppm 81.4 78.1 159 66.4 1015 218 734
============= ============= ============= ============= ============= ============= =============
Mo_4HSIMS_ppm 1.33 0.44 2.14 1.86 1.5 0.87 0.78
============= ============= ============= ============= ============= ============= =============
Na_4HSIMS_pct 0.001 0.022 0.023 0.017 0.221 0.018 0.047
============= ============= ============= ============= ============= ============= =============
Nb_4HSIMS_ppm 0.262 1.435 0.386 1.08 4 1.68 1.245
============= ============= ============= ============= ============= ============= =============
Ni_4HSIMS_ppm 1.96 2.72 19.95 3.07 6.88 2.29 1.08
============= ============= ============= ============= ============= ============= =============
P_4HSIMS_pct 0.005 0.006 0.011 0.003 0.013 0.005 0.004
============= ============= ============= ============= ============= ============= =============
Pb_4HSIMS_ppm 6.2 7.25 13.45 1.88 7.66 4.23 11.9
============= ============= ============= ============= ============= ============= =============
Pd_4HSIMS_ppm 0.0001 0.0001 0.0001 0.0001 0.0001 0.002 0.0001
============= ============= ============= ============= ============= ============= =============
Pt_4HSIMS_ppm 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002
============= ============= ============= ============= ============= ============= =============
Rb_4HSIMS_ppm 0.63 12.55 3.61 10.45 6.01 8.84 32.5
============= ============= ============= ============= ============= ============= =============
Re_4HSIMS_ppm 0.002 0.0001 0.00002 0.00002 0.002 0.0001 0.002
============= ============= ============= ============= ============= ============= =============
S_4HSIMS_pct 0.005 0.005 0.07 0.02 0.04 0.01 0.01
============= ============= ============= ============= ============= ============= =============
Sb_4HSIMS_ppm 0.11 0.06 0.63 0.23 0.51 0.3 0.15
============= ============= ============= ============= ============= ============= =============
Sc_4HSIMS_ppm 0.48 1.23 2.62 1.02 1.37 2.11 0.64
============= ============= ============= ============= ============= ============= =============
Se_4HSIMS_ppm 0.1 0.1 1.63 0.021 0.1 0.8 0.1
============= ============= ============= ============= ============= ============= =============
Sn_4HSIMS_ppm 0.15 0.61 1.36 0.54 2.47 0.55 3.13
============= ============= ============= ============= ============= ============= =============
Sr_4HSIMS_ppm 4.54 6.88 30.7 24.6 40.2 8.98 17.7
============= ============= ============= ============= ============= ============= =============
Ta_4HSIMS_ppm 0.02 0.14 0.03 0.07 0.38 0.18 0.13
============= ============= ============= ============= ============= ============= =============
Te_4HSIMS_ppm 0.02 0.02 0.174 0.005 0.02 0.02 0.02
============= ============= ============= ============= ============= ============= =============
Th_4HSIMS_ppm 1.38 3.91 1.73 2.29 7.72 4.85 1.575
============= ============= ============= ============= ============= ============= =============
Ti_4HSIMS_pct 0.008 0.043 0.013 0.034 0.111 0.055 0.037
============= ============= ============= ============= ============= ============= =============
Tl_4HSIMS_ppm 0.009 0.052 0.024 0.058 0.469 0.142 1.155
============= ============= ============= ============= ============= ============= =============
U_4HSIMS_ppm 0.12 0.38 0.92 0.44 1.64 1.35 0.57
============= ============= ============= ============= ============= ============= =============
V_4HSIMS_ppm 8 11.6 11.7 5.1 19.4 10.5 5.5
============= ============= ============= ============= ============= ============= =============
W_4HSIMS_ppm 0.139 0.418 4.72 0.477 6.77 3.99 4.67
============= ============= ============= ============= ============= ============= =============
Y_4HSIMS_ppm 0.49 2.28 2.96 2.64 4.35 6.61 1.7
============= ============= ============= ============= ============= ============= =============
Zn_4HSIMS_ppm 1.9 3.7 11.9 1.4 3.8 1.3 3.2
============= ============= ============= ============= ============= ============= =============
Zr_4HSIMS_ppm 6.6 34.1 15.7 31.2 114 74.4 57.7
============= ============= ============= ============= ============= ============= =============
Appendix 4: Historical exploration by tenement
Table 4 : Telfer Domain (E 45/4834) historical exploration
summary
Tenement Period Company Exploration completed Comment
Telfer 1978 WMC Ltd
Domain * Soil and lag sampling
------- ---------- -------------------------------------------------------- -----------------------------
1988 Newmont
Australia * Aerial photogrammetry * No significant results
Ltd
* Regional gravity and aeromagnetic surveys
* Geological mapping
* BLEG and rock chip sampling
------- ---------- -------------------------------------------------------- -----------------------------
2016 Reward
Minerals * Widely spaced RC drilling targeting potash around
Lake Waukarlycarly (7 holes)
------- ---------- -------------------------------------------------------- -----------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 5 : Strickland (E 45/4807) historical exploration
summary
Tenement Period Company Exploration completed Comment
Strickland 1980s Newmont
Australia * Extensive regional geochemistry sampling
Ltd
* Field mapping
* Regional aeromagnetic and gravity surveys
* RAB drilling over limited outcrops
----------- ---------- ------------ ------------------------------------------------------------ -----------------------------
1983-84 Duval
Mining * Regional RAB, RC, and diamond drilling - none on the
tenement
* Rock chip sampling
----------- ---------- ------------ ------------------------------------------------------------ -----------------------------
1986-87 Battle
Mountain * Regional mapping
* Drilling - none on the tenement
* Regional magnetic surveys
---------- ------------ ------------------------------------------------------------ -----------------------------
1993-97 BHP
Minerals * Regional scale RAB and diamond drilling - none
Pty Ltd completed on the tenement
* 1,107-line km aeromagnetic surveys
---------- ------------ ------------------------------------------------------------ -----------------------------
1999 Normandy
Gold * 11 AC holes for 1,085 m drilled over the southeastern * No significant results
Exploration corner of the tenement
Pty Ltd
---------- ------------ ------------------------------------------------------------ -----------------------------
1999-2000 Gindalbie
Gold * Reconnaissance field investigations * No significant results
NL
* Ground EM orientation survey
* AC drilling (29 holes, 2,589 m and 591 samples)
---------- ------------ ------------------------------------------------------------ -----------------------------
2014-15 Reward
Minerals * Widely spaced RC drilling targeting potash around
Ltd Lake Waukarlycarly (7 holes)
----------- ---------- ------------ ------------------------------------------------------------ -----------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 6 : Kaliranu (E 45/5238) historical exploration
summary
Tenement Period Company Exploration completed Comment
Kaliranu 1980 WMC Ltd
* Ironstone sampling mostly to the north of the
tenement
-------- ---------- ----------------------------------------------------- ------------------------------------------------------------
1985-89 Newmont * No significant results
Australia * BLEG sampling
Ltd
-------- ---------- ----------------------------------------------------- ------------------------------------------------------------
1994-97 BHP
Minerals * 1 RAB hole for 49 m * Drill hole intersected cover consisting of sand and
Pty Ltd gravels to a depth of 41 m and then granitic basement
rock
* No significant results
-------- ---------- ----------------------------------------------------- ------------------------------------------------------------
1998 Mt * No significant results
Burgess * Regolith mapping and lag sampling
-------- ---------- ----------------------------------------------------- ------------------------------------------------------------
2014-19 Antipa
Mineral * Historical data compilation and review * Lack of high priority targets led to surrender of the
Ltd tenement
* Target generation
-------- ---------- ----------------------------------------------------- ------------------------------------------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 7 : Basel (E45/5122) historical exploration summary
Tenement Period Company Exploration completed Comment
Basel 1986-89 Newmont
Australia * Aerial photogrammetry * RC drilling of the 4 CAW prefix holes intersected a
Ltd peak of 1m @ 3.03g/t Au in Permian sediments
overlying Mt Crofton granite in the south of the
* Regional gravity and aeromagnetic surveys tenement
* Geological mapping
* BLEG and rock chip sampling.
* 4 70m RC holes targeting BLEG anomalies CAW-3-CAW-6
for 280m
-------- ---------- ---------------------------------------------------------- -----------------------------------------------------------
1992-96 BHP
Minerals * Regional magnetic geophysical survey * The RAB holes were drilled in southern and western
Pty Ltd parts of the tenement and mostly intersected shallow
weathered granite and sandstone
* 19 shallow RAB drill holes for approximately 900 m
(maximum depth 72 m)
* No significant results
-------- ---------- ---------------------------------------------------------- -----------------------------------------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 8 : Paterson 8 (E45/5242) historical exploration
summary
Tenement Period Company Exploration completed Comment
Paterson 1970s-1980s Newcrest
8 Mining * BLEG and lag sampling
Ltd
------------ ------------ ------------------------------------------ -----------------------------------------------------------
1991-97 MIM * No significant results
Exploration * Magnetic and IP surveys
Pty Ltd/
Mount
Burgess * Rock chip sampling
Mining
NL JV
* 15 AC holes for 1,157 m
------------ ------------ ------------------------------------------ -----------------------------------------------------------
1998-99 Normandy
Gold * Soil sampling * AC drilling intersected cover approximately 20 m
Ltd thick consisting of a sequence of pisolitic gravels
and calcrete. Bedrock consisted of weathered
* AC drilling - 25 holes for 240 m limestone, sandstone and siltstones
* RAB drilling - 16 holes for 1,376 m * RAB drilling intersected cover to a maximum depth of
45 m and bedrock consisted of ferruginous and
strongly weathered siltstones and sandstones with
minor quartz veining and ferruginous and
manganiferous bands No significant results
------------ ------------ ------------------------------------------ -----------------------------------------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 9 : Budjidowns (E45/4815) historical exploration
summary
Tenement Period Company Exploration completed Comment
Budjidowns 1980-1991 Newmont
Australia * Regional aeromagnetic and gravity surveys * Drilling intersected granites and amphibolites
Ltd (potentially skarns at Decka)
* Regional BLEG and lag sampling
* The hole at Stringray did not exit the permian
* Single diamond hole to 463m into Decka and a 216m
diamond hole at Stingray
* Ground magnetic surveys
----------- ---------- ---------- -------------------------------------------------------- ---------------------------------------------------------
1993-96 BHP
Mineral * 1 RAB hole for 73 m * Drilled to a depth of 73 m before being stopped in
Pty Ltd Permian cover
* No significant results
----------- ---------- ---------- -------------------------------------------------------- ---------------------------------------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 10 : Skylar (E 45/5351) historical exploration summary
Tenement Period Company Exploration completed Comment
Skylar 1978 WMC Ltd
* Ironstone and soil sampling.
-------- ---------- ----------------------------------------------------------- ------------------------------------------------------------
1986-88 Newmont * No significant results
Australia * Aerial photography
Ltd
* Regional gravity and aeromagnetic surveys,
* Geological mapping
* BLEG sampling and rock chip sampling
-------- ---------- ----------------------------------------------------------- ------------------------------------------------------------
1992-96 BHP
Mineral * Ground magnetics * The drilling intersected rocks from the Yeneena Group
Pty Ltd however there were no anomalous geochemical results,
and the ground was surrendered
* Regional lag sampling
* 10-hole RAB/AC drilling program for 660 m - just off
tenement to the northwest
-------- ---------- ----------------------------------------------------------- ------------------------------------------------------------
2014 Reward
Minerals * Widely spaced RC drilling targeting potash around
Ltd Lake Waukarlycarly (9 holes)
-------- ---------- ----------------------------------------------------------- ------------------------------------------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 11 : Wilki Lake (E45/5576) historical exploration
summary
Tenement Period Company Exploration completed Comment
Wilki 1988-90 Newmont
Lake Australia * Geological mapping * RAB holes intersected potassic rich granite near to
Ltd the surface
* Rock chip and BLEG sampling
* Normandy concluded that the Wilke Dome had been
extensively tested with no significant mineralisation
* Regional airborne magnetic geophysical survey found and relinquished the tenement
* 76 hole RAB drilling program for 548 m; 60 holes were
collared inside of the tenement
-------- ---------- ------------------------------------------------------------ ------------------------------------------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
Table 12 : Triangle South (E 45/5532) historical exploration
summary
Tenement Period Company Exploration completed Comment
Triangle 1978 WMC Ltd
South * Ironstone and soil sampling.
-------- ---------- ------------------------------------------------------------ ------------------------------------------------------------
1986-88 Newmont * No significant results
Australia * Aerial photography.
Ltd
* Regional gravity and aeromagnetic surveys
* Geological mapping
* BLEG sampling and rock chip sampling
-------- ---------- ------------------------------------------------------------ ------------------------------------------------------------
1992-96 BHP
Mineral * Ground magnetics * The drilling intersected rocks from the Yeneena Group
Pty Ltd however there were no anomalous geochemical results,
and the ground was surrendered
* Regional lag sampling
* 10 hole RAB/aircore drilling program for 660 m - just
off tenement to the northwest
-------- ---------- ------------------------------------------------------------ ------------------------------------------------------------
2014 Reward
Minerals * Widely spaced RC drilling targeting potash around
Ltd Lake Waukarlycarly (6 holes)
-------- ---------- ------------------------------------------------------------ ------------------------------------------------------------
Note: historical exploration took place inside of exploration
and/or mining tenements (that have now expired) with different
spatial extents to the current tenement(s)
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